Taipei-based Wan Hai Lines is forking out $186.8m for two neo-panamax vessels from fellow Asian carrier Pacific International Lines (PIL).

The 11,923-teu Kota Perwira (built 2018) and Kota Panjang (built 2017) have been acquired by Wan Hai Lines (Singapore) Pte Ltd, a subsidiary of Taiwan-listed Wan Hai, according to a stock exchange announcement.

The vessels are the fifth-and sixth in the series of 12 neo-panamax vessel which PIL ordered in 2015 on the back of Chinese leasing houses.